2024-11-09 04:18
IndustryEthereum staking yield could fuel ETH demands
Ethereum could begin to look attractive to investors again due to the combined effect of the Fed’s 25 bps rate cut and Donald Trump's victory in the presidential election.
The Fed reduced interest rates by 25 basis points on Thursday, following an earlier 50 bps cut in September. This has taken the agency's benchmark rates to 4.5%.
According to CoinDesk's Omkar Dobole, the US previous high interest rate environment is partly responsible for ETH's underperformance since the beginning of the year. While ETH only rose by a mere 30% in 2024, Bitcoin and Solana gained over 80% and 95% within the same time frame.
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Ethereum staking yield could fuel ETH demands
| 2024-11-09 04:18Ethereum could begin to look attractive to investors again due to the combined effect of the Fed’s 25 bps rate cut and Donald Trump's victory in the presidential election.
The Fed reduced interest rates by 25 basis points on Thursday, following an earlier 50 bps cut in September. This has taken the agency's benchmark rates to 4.5%.
According to CoinDesk's Omkar Dobole, the US previous high interest rate environment is partly responsible for ETH's underperformance since the beginning of the year. While ETH only rose by a mere 30% in 2024, Bitcoin and Solana gained over 80% and 95% within the same time frame.
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